Brexit Shadow Across EU

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Brexit Shadow Across EU Stocks DOW NASDAQ S&P 500 10-YR T-NOTE 30-YR T-BOND CRUDE OIL GOLD EURO p 25,063.89 +64.22 q 7,263.87 -17.87 p 2,706.53 +2.43 p 2.69% +.06 p 3.03% +.03 p $55.26 +1.47 q $1,316.90 -2.80 p $1.1461 +.0017 Spotlight on Mickey Downshifting in Detroit Buy now, pay later DIS $111.30 Consumer credit $120 Walt Disney serves up its latest General Motors struggled The Federal Reserve seasonally adjusted change quarterly report card Tuesday. $108.67 through much of 2018, largely issues its monthly tally of 25.0 $25 billion Wall Street expects the 105 due to declining sales in the U.S. consumer borrowing 22.2 entertainment giant will report U.S. and China. Thursday. 21.0 20 est. that its fiscal first-quarter earn- ’18 In November, the automak- The tally, which excludes 90 15.1 16.0 ings and revenue declined er launched a restructuring mortgages and other loans 15 from a year earlier. Beyond its plan that called for the elimina- secured by real estate, is Operating $1.89 est. October-December results, $1.55 tion of five North American expected to show consumer 10 9.6 eek Ahead EPS investors will be keen for an Q1 ’18 Q1 ’19 factories and 14,000 jobs. In- borrowing increased by update on the company’s plans vestors will be listening for an $16 billion in December, 5 Price-earnings ratio: 13 to roll out video streaming ser- update on how the strategy is below November’s $22.2 0 The W based on past 12-month results vices and its acquisition of 21st working on Wednesday, when billion gain. That lifted total J A S O N D Century Fox’s film and TV Dividend: $1.76 Div. yield: 1.6% GM reports its fourth-quarter consumer credit to a record 2018 assets. Source: FactSet results. $3.98 trillion. Source: FactSet Stocks capped a bumpy day Money&Markets of trading Friday with modest gains, extending the market’s winning streak to a third day. StocksRecap MIN Investors’ enthusiasm over a Money market mutual funds YIELD INVEST PHONE burst of hiring in January by -20.91 -3.85 41.05 23.05 2.43 -79.18 -57.40 154.79 98.66 -17.87 Taxable—national avg 1.89 U.S. employers was tempered Fidelity Inv Money Market/Instit 2.55 $10 mil. (800) 544-6666 3,000 8,500 by a disappointing revenue MON TUES WED THUR FRI MON TUES WED THUR FRI outlook from Amazon.com. Tax-exempt—national avg 0.94 8,000 2,800 Federated Muni Oblig Fund/Wealth 1.34 $500K (800) 341-7400 Amazon.com AMZN Close: $1,626.23 -92.50 or -5.4% 7,500 6 MONTHS 1 YEAR 2,600 The e-commerce giant gave a weak FRIDAY AGO AGO outlook for the current quarter, citing 7,000 Prime Rate 5.50 5.00 4.50 the potential for lost sales in India Fed Funds 2.38 1.88 1.38 and overall higher costs. 2,400 6,500 $1,800 FRIDAY -------------- CHANGE -------------- --- 52-WEEK --- 2,200 S&P 500 Nasdaq composite U.S. BOND INDEXES YIELD 1WK 1MO 3MO 1YR HIGH LOW 1,600 6,000 Close: 2,706.53 Close: 7,263.87 1,400 Broad market Lehman 3.15 -0.12 t t 0.18 3.66 2.93 1-week change: 41.77 (1.6%) 1-week change: 99.00 (1.4%) 1,200 2,000 5,500 Triple-A corporate Moody’s 3.79 -0.07 t t 0.20 4.28 3.01 ND J AS ONDJ AS ONDJ Corp. Inv. Grade Lehman 3.91 -0.14 t t 0.46 4.37 3.42 52-week range U.S. high yield Barclays 6.90 -0.27 t s 1. 12 8.12 5.61 $1,265.93 $2,050.50 WEEKLY PERFORMANCE Global Aggregtate Barclays 1.93 -0.07 t t 0.13 2.27 1.77 Vol.: 11.5m (1.6x avg.) PE: 91.2 52-WEEK YTD 1YR Treasury 10-Yr. TIPS 0.78 -0.16 t t 0.15 1. 15 0.55 Mkt. Cap: $795.2 b Yield: ... HIGH LOW INDEX HIGH LOW CLOSE CHG %CHG %CHG %CHG Cigna CI 26951.81 21712.53 Dow Jones indust. 25193.15 24323.94 25063.89 326.69 1. 3 7. 4 (((&%$#9821| -1.8 FRIDAY -------------- CHANGE -------------- --- 52-WEEK --- Close: $194.06 -5.75 or -2.9% 11623.58 8636.79 Dow Jones trans. 10171.30 9822.01 10123.99 202.21 2.0 10.4 &^$@!999976521| -5.3 U.S. TREASURYS YIELD 1WK 1MO 3MO 1YR HIGH LOW The health insurer said proposed 13605.91 10723.66 NYSE Comp. 12350.55 11984.86 12329.69 202.44 1. 7 8.4 99998754321| -5.8 regulations might hurt its pharmacy 3-month T-Bill 2.39 0.01 t s 0.90 2.44 1.42 8133.30 6190.17 Nasdaq Comp. 7303.12 7011.47 7263.87 99.00 1. 4 9.5 ((((*&%$#@!|7 0.3 benefit management unit. 6-month T-Bill 2.46 -0.04 r t 0.82 2.56 1.64 2940.91 2346.58 S&P 500 2716.66 2624.06 2706.53 41.77 1. 6 8.0 (((^%!986432| -2.0 s t $250 52-week T-Bill 2.56 -0.03 0.68 2.73 1.77 2053.00 1565.76 S&P MidCap 1843.79 1801.88 1841.52 22.95 1. 3 10.7 (*@9997543| -4.0 2-year T-Note 2.49 -0.12 s t 0.33 2.95 2.03 30560.54 24129.49 Wilshire 5000 28108.54 27190.36 28026.70 446.46 1. 6 8.8 -2.1 200 (((%$@!98721| 5-year T-Note 2.50 -0.09 s t -0.06 3.08 2.37 1742.09 1266.93 Russell 2000 1504.51 1464.77 1502.05 19.20 1. 3 11. 4 ((&^$#@!99764321| -2.9 10-year T-Note 2.69 -0.06 s t -0.10 3.23 2.55 150 30-year T-Bond 3.03 -0.03 s t 0.01 3.46 2.90 ND J 52-week range Money fund data provided by iMoneyNet Inc. $163.02 $226.61 Vol.: 5.5m (1.9x avg.) PE: 17.3 Mkt. Cap: $47.3 b Yield: 0.0% Dr. Reddy’s Laboratories RDY Close: $39.03 0.84 or 2.2% Brexit shadow across EU The Indian generic drug maker said With less than two months until Britain’s scheduled “My mom contacted them almost every single day through email, revenue grew thanks to emerging calling, faxing. I’m not even sure what that is.” markets. departure from the European Union, it’s fair to say no Export of goods to the UK relative one knows what Brexit will entail. to GDP in 2017 — 14-year-old Grant Thompson, who says it took 9 days for Apple to respond $40 With the British Parliament seriously divided over to his discovery of a shocking bug that allowed people to eavesdrop on 7.3% Brexit, there is a big concern the country will crash out of Belgium FaceTime video calls. 35 the EU on March 29 without a deal, a development that Netherlands 6.9 would see tariffs and other burdens imposed on trade. Ireland 5.5 30 Slovakia 5.3 ND J The British economy would no doubt be affected as 52-week range nearly half the country’s exports go to the EU. According Czech Rep 4.2 $28.13 $39.90 to the Bank of England, the British economy could Hungary 2.8 FUELS CLOSE PVS. %CH. %YTD Vol.: 263.5k (1.1x avg.) PE: 27.3 shrink 8 percent in the months after Brexit in a Poland 2.8 Commodities 2.6 Crude Oil (bbl) 55.26 53.79 +2.73 +21.7 Mkt. Cap: $6.5 b Yield: 0.7% worst-case “no-deal” scenario. Germany U.S. crude oil The EU economy will suffer too, albeit more modestly. Denmark 2.5 Ethanol (gal) 1.30 1.28 +1.88 +3.1 Exxon Mobil XOM and wholesale Heating Oil (gal) 1.91 1.88 +1.88 +13.4 The scale of that shock will differ from country to country. Latvia 2.2 gasoline rose. Close: $75.92 2.64 or 3.6% Ireland, which shares the only land border with Britain, Lithuania 2.1 Natural Gas (mm btu) 2.73 2.81 -2.84 -7.0 The energy company beat Wall Natural gas fell Unleaded Gas (gal) 1.44 1.36 +4.36 +8.8 will be one of the most affected, especially if customs Portugal 1.8 Street forecasts for the fourth-quar- almost 3 checks return. Others, like Belgium and the METALS CLOSE PVS. %CH. %YTD ter as volatile oil prices lifted reve- Sweden 1.8 percent. Gold, Netherlands, will also face a hit. Countries like Croatia nue. Spain 1.7 silver and copper Gold (oz) 1316.90 1319.70 -0.21 +3.0 $90 and Greece, which have little direct trade with Britain, France 1.4 prices fell. Silver (oz) 15.88 16.02 -0.89 +2.9 80 may not see much of an economic impact. Italy 1.4 Platinum (oz) 826.70 824.70 +0.24 +3.9 But as with all things Brexit, it’s unclear what will 70 Romania 1.4 Copper (lb) 2.78 2.79 -0.50 +5.6 actually happen.
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